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Suppose the government removes a tax on buyers of a good and levies a tax of the same size on sellers of the good. how does this change in tax policy affect the price that buyers pay sellers for this good, the amount buyers are out of pocket including the tax, the amount seller receive net of the tax, and the quantity of the good sold?
Using the following table, compute the 95% confidence intervals for the expected annual return of the four different investments.
Illustrate what is the minimum price necessary for the company to supply one thousand cups.
Discuss the new equilibrium price also quantity which result from these changes. Can you exhibit some of these changes graphically.
Why is it being used to hold "illegal combatants" instead of a military prison in the United States
Illustrate what is the average time in the system. Illustrate what is the probability there are more than three cars in the system.
Describe each country's reaction function. Does a Cournot equilibrium exist? If so, find the outputs and prices of crude oil in the two countries.
Illustrate what are the firms ATC per unit at these three levels of production. If every firm in this industry has the similar cost structure, is the industry in long-run competitive equilibrium.
Be sure to label all axis and curves on your graphs. Elucidate in writing to what market your derivation brings equilibrium and how it accomplishes this.
Explain how much will your firm's total revenues (revenue from both products) change if you increase the price of good X by 1 percent.
A major state university in the South recently raised tuition by 12%. An economics professor at this university asked his students, "Due to the increase in tuition, how many of you will transfer to another university.
Real wealth which capitalists pull out of market must somewhere enter market. What is this hidden mechanism.
A firm's marginal revenue is $133 and its marginal cost is #90 illustrate what amount of profit does the firm fail to pick up by refusing to incease output by one unit.
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